PFC raises borrowing limit to Rs 1,180 billion for 2020-21

Power Finance Corporation (PFC) has raised its borrowing limit from Rs 900 billion to Rs 1,180 billion for 2020-21 to accommodate the moratorium granted to borrowers as per RBI guidelines. …

The company now plans to raise a maximum of Rs 830 billion from long-term borrowing, Rs 150 billion from long-term foreign currency borrowing, Rs 50 billion from short-term borrowing and Rs 150 billion from commercial papers.

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